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Manchester City may have reached a settlement offer with Uefa’s Club Financial
Control Body (CFCB) but this does not mean that they are out of the woods
yet.

Financial Fair Play regulations stipulate that “affected clubs” have a period
of ten days to challenge any settlement offer. Arsenal may be one such club,
not least because Arsène Wenger spoke out just last week in favour of
excluding clubs in breach of FFP.

Any challenged settlement would move to the CFCB’s adjudicatory chamber, which
would issue a final sanction, most likely by the end of June. The only
sporting appeal left